Tag #Automotive Industry

cnbc.com
🌐 85% Global Worthiness
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Honda and Nissan Announce Merger Talks

Japanese automakers Honda and Nissan announced merger talks on January 8, 2025, aiming to create the world's third-largest automaker by 2030, driven by the need for greater scale in developing electric vehicle and intelligent driving technologies; Mitsubishi may also join.

Progress

40% Bias Score

Decent Work and Economic Growth
english.kyodonews.net
🌐 85% Global Worthiness
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Ghosn Slams Nissan-Honda Merger as Unworkable

Carlos Ghosn, from Lebanon, criticized Nissan's planned merger with Honda, citing operational overlaps and a lack of synergy, hours before the merger announcement was made public on Monday.

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48% Bias Score

Decent Work and Economic Growth
politico.eu
🌐 85% Global Worthiness
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Volkswagen Agrees to 35,000 Job Cuts in Germany

Volkswagen and German unions reached a deal to avoid strikes, resulting in 35,000 job cuts in Germany and plant restructuring, including relocation of some production to Mexico, to improve competitiveness against Chinese rivals and secure €15 billion in annual savings.

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52% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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Mercedes-Benz and BMW to Battle for Market Share with 2025 Electric Vehicle Launches

Mercedes-Benz and BMW are preparing for a major showdown in 2025 with the launch of new electric vehicles; Mercedes-Benz will release the new CLA electric vehicle in March 2025, while BMW will launch its Neue Klasse electric vehicles, starting with the iX3 SUV in the fall of 2025. Both automakers ai...

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36% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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Tesla's 2025 Affordability Push: Model Y Refresh and Cybertruck Price Cut

Tesla plans a 2025 product barrage focused on affordability, starting with a refreshed Model Y at or below the current $37,500 price point (with tax credits), mirroring the Model 3's design tweaks and possibly new battery technology. A cheaper Cybertruck and range extender are also expected.

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32% Bias Score

Reduced Inequality
sueddeutsche.de
🌐 75% Global Worthiness
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VW Restructuring: 35,000 Job Cuts, Saxon Plants Affected

Volkswagen will cut 35,000 jobs in Germany, impacting its Saxon plants in Zwickau and Dresden; Zwickau will reduce ID model production, while Dresden's Gläserne Manufaktur will stop vehicle production by end of 2025, sparking criticism for disproportionately affecting Eastern Germany.

Progress

48% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Honda-Nissan Merger Aims to Counter Chinese Auto Industry Dominance

Honda and Nissan, Japan's second and third-largest automakers, are exploring a merger to counter Chinese competition, aiming to create a $54 billion entity (potentially $58 billion with Mitsubishi) by August 2026, becoming the world's third-largest car producer.

Progress

40% Bias Score

Industry, Innovation, and Infrastructure
arabic.cnn.com
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Honda and Nissan to Explore Merger to Counter Chinese Automakers

Honda and Nissan have officially agreed to explore a possible merger within the next six months, creating the world's third-largest automaker to counter the growing threat from Chinese car companies and the high cost of transitioning to electric vehicles; Mitsubishi will also participate.

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44% Bias Score

Industry, Innovation, and Infrastructure
cbsnews.com
🌐 85% Global Worthiness
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Honda and Nissan to Merge, Creating World's Third-Largest Automaker

Japanese automakers Honda and Nissan announced plans to merge, forming the world's third-largest automaker by sales, along with Mitsubishi Motors, to enhance competitiveness in the electric vehicle market and reduce costs, amid industry-wide consolidation.

Progress

48% Bias Score

Industry, Innovation, and Infrastructure
taz.de
🌐 75% Global Worthiness
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VW-IG Metall Compromise Averts Layoffs, But at a Steep Price

Volkswagen and IG Metall reached a hard-fought compromise on wage negotiations, averting job cuts but requiring €1.5 billion in annual employee contributions and a 10% management pay cut for two years. The deal follows intense pressure from the Porsche and Piëch families, owners of Volkswagen.

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48% Bias Score

Decent Work and Economic Growth
english.kyodonews.net
🌐 85% Global Worthiness
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Honda, Nissan Explore Manufacturing Partnership Amid EV Market Competition

Honda and Nissan are in talks to form a manufacturing partnership, possibly including a merger, to improve production efficiency and compete in the global EV market, particularly in North America where Nissan is struggling due to a lack of hybrid vehicles; the deal is contingent on Nissan's recovery...

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32% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
🌐 85% Global Worthiness
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Scholz opposes EU car emission fines

German Chancellor Olaf Scholz opposes EU fines on carmakers for missing 2025 CO2 emission targets (93.6g/km, €95/gram penalty), citing economic challenges and upcoming elections, creating tension between environmental regulations and industrial needs.

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52% Bias Score

Climate Action